What are the exit opps in London for post MBA banking associates?

EB1997's picture
Rank: Monkey | 51

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Comments (31)

Dec 2, 2019

Any Londoner?

Funniest
Dec 2, 2019

All the american post-MBAs here, take note: you have no exit opps.

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Dec 2, 2019

To be fair, he is right about them being limited for the buy-side. Hate the game not the player

Dec 2, 2019

Oh, I agree. I was just messing around.

Dec 2, 2019

Interested as well. Are there even summer associate programs in London in the first place? I think it may be hard to get an associate job post MBA without any pre-MBA IB experience.

Dec 2, 2019

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Dec 3, 2019

Are they not? I thought it would be easy to secure a spot after an LBS MBA

Dec 6, 2019

Yeah, but only a couple banks really recruit MBAs in london. Majority of associates are A2A or laterals.

IIRC: GS, CS, BAML, Citi, MS, DB, HSBC and Nomura all have had Summer Associates in London

Array

Dec 2, 2019

Most are usually staying in banking or going to Corp Dev/Strategy or FP&A. Note that I think that given your background you could move to HFs directly after your MBA.

Dec 2, 2019

Thanks a lot for your reply. So you are basically saying that in here it is like in the US. Do you think the IB stint would not help in going to HFs? You think even just an LBS MBA would allow me to go into HFs or do I need to go to HBS/Wharton/Stanford? My GMAT is good enough for LBS but not for the rest.

Dec 2, 2019

Well I just think that HHs would question you doing MBA -> IB (moving away from investing) -> HF (back at investing). Secondly assuming you run models already I don't see how banking would help you on that especially as an associate especially in Europe where post-MBAs associates usually are focused on slides+process+relationship handling in my experience and A2As will usually review models from Analysts.
Note that you may have to provide more color on your strategy in equities, and HF strategy - if the two somewhat align, you can easily make the move with solid pitches especially on the short side if you are at a L-O fund.
Also out of curiosity why the desire to be at a HF when career risk is much grater and you will do a similar job to your current on?

Dec 2, 2019

n

Dec 2, 2019

F

Dec 3, 2019

Anyone please?

Dec 4, 2019

Help? Anyone?

Dec 4, 2019

...

Dec 4, 2019

The tuition fees at LBS cost PS80k. You said you currently earn PS90k, so combining that with other study-related expenses such as textbooks and travel would bring the total cost of the degree to PS300k. Most banks in London no longer recruit at the MBA level, and those that still do usually only recruit in the single digits. But they still receive hundreds of applications, not only from LBS and INSEAD but also from top US business schools . Even if you break into IB, it would be tough to sell your story to HF recruiters when you have already moved from the buy side to the sell side.

So I guess your plan is possible, but also very challenging and costly.

  • Analyst 1 in IB - Ind
Dec 4, 2019

Exactly. At my BB, there were only 10 spots for summer associates last Summer, and only 5 actual spots to fill for FT

Dec 4, 2019

What do you think is the best way for me to get into hedge funds then?

Dec 4, 2019

What do you think is the best way for me to get into hedge funds then?

Dec 5, 2019

If you're set on hedge funds, first step would be to find out if someone from your team/department has moved directly to a hedge fund. If you don't know, try and find someone on linkedin. Reach out to them for a coffee to say you're interested in moving to a hedge fund (not theirs specifically).

Step 2, which could also be done concurrently with step 1, is to talk to hedge fund recruiters about positions/skills you need to show etc. You should be in a position to move directly to a hedge fund from a long-only AM.

If you want to do an MBA, do it, but the only benefit really there for your goal is access to the LBS alumni network in hedge funds. You should aim to use that for a role straight after your MBA (maybe with an internship at a fund during the summer). If you go to IB, people will wonder why you moved from buy side to sell side and then want to come back to buy side. If you want to do PE in London/Europe, then Equity Analyst -> MBA -> IB Associate/VP -> PE is a good way to get in.

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Dec 6, 2019

Thanks a lot man, that is very helpful. I guess my plan then is network hard with headhunters and HFs people from my current position to try to move from where I am right now. If that fails I will head to LBS and try to network again as an MBA student, and if that also fails then I guess i will have to give up on my HF dreams and for IB positions post MBA, stay there for 2 years and then move to a PE fund. Sounds like a good plan? Anything else I am missing?

Dec 6, 2019
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Dec 6, 2019